Post Utme Afe Babalola University 2020 Accounting Question 8

Practice objective / multiple choice question 8 from the 2020 Post Utme Afe Babalola University Accounting examination.

Post Utme Afe Babalola University 2020 Accounting Objective / Multiple Choice
Question 8 POST_UTME_AFE_BABALOLA_UNIVERSITY • 2020 • ACCOUNTING • objective

A company's trial balance shows the following balances: Accounts Payable ₦150,000, Sales Revenue ₦500,000, Cost of Goods Sold ₦300,000, and Net Income ₦100,000. Prepare the company's income statement.

Answer Options

A. ₦700,000
B. ₦800,000
C. ₦900,000
Correct Answer D. ₦1,000,000
Correct Answer
D
Correct Option:
₦1,000,000

About This Question

This is Post Utme Afe Babalola University 2020 Accounting Question 8. It is one of the objective questions from the 2020 Post Utme Afe Babalola University Accounting examination.

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